Sikko Industries Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2021 • Pesticides: 92.6% • Seeds: 3.8% • Fertilizers: 3.6%
AI Sector View
AI GENERATEDChemicals
The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.
PROS
- Company is almost debt free
- Latest quarter profit grew 43.5% YoY, showing strong momentum
- Company comfortably covers its interest (16.1x coverage)
- Institutional investors have been accumulating - FII+DII up 2.7pp
CONS
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Promoter holding has decreased over last 2 years: -16.5pp
- Working capital days have increased from 144 to 365 days
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| UPL | 580.05 | 24.24 | 48966.04 | 1.03 | -73.00 | 58.52 | 10181.00 | 10.47 | 12.00 | 13.43 |
| PIIND | 2390.00 | 31.12 | 36260.63 | 0.63 | 244.20 | -38.95 | 1702.30 | -10.43 | 16.00 | 21.69 |
| SUMICHEM | 498.70 | 42.96 | 24892.40 | 0.26 | 214.51 | 20.45 | 1063.35 | 0.62 | 23.39 | 21.94 |
| BAYERCROP | 3955.50 | 320.83 | 17776.84 | 3.79 | 321.60 | 15.39 | 1835.00 | -4.16 | 30.08 | 20.03 |
| SHARDACROP | 772.70 | 11.13 | 6971.34 | 1.94 | 88.02 | -38.36 | 1073.77 | 9.03 | 31.10 | 17.32 |
| DHANUKA | 1006.75 | 15.11 | 4487.92 | 0.20 | 75.50 | 27.94 | 442.02 | 20.01 | 24.44 | 24.83 |
| RALLIS | 209.90 | 24.86 | 4081.90 | 1.43 | -14.15 | -274.26 | 507.54 | 7.70 | 13.23 | -0.56 |
| NACLIND | 166.60 | 315.48 | 3902.49 | 0.00 | 20.84 | 59.82 | 383.33 | -14.50 | 6.20 | 10.80 |
| BHAGCHEM | 267.00 | 125.79 | 3462.16 | 0.06 | 133.29 | 3249.84 | 1950.19 | 1475.55 | 4.55 | 15.65 |
| GSPCROP | 626.15 | 29.75 | 2912.77 | 0.16 | 263.94 | 1111.46 | 3859.95 | 1153.27 | 18.46 | 11.02 |
| BHARATRAS | 1185.00 | 13.75 | 1969.60 | 0.04 | 372.30 | 838.73 | 3381.60 | 796.03 | 16.63 | 15.19 |
| SIKKO | 5.33 | 38.48 | 232.81 | 0.00 | 31.26 | 1334.60 | 176.90 | 877.35 | 10.79 | 25.79 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 14 | 14 | 16 | 15 | 19 | 18 | 19 | 17 | 11 | 177 | |
| 11 | 16 | 13 | 12 | 20 | 15 | 15 | 14 | 14 | 136 | |
| Operating Profit | 2 | -1 | 2 | 3 | -1 | 3 | 4 | 3 | -3 | 41 |
| OPM % | 16.13% | -9.60% | 15.68% | 19.84% | -6.53% | 17.51% | 20.21% | 16.39% | -31.39% | 23.09% |
| 0 | 3 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Profit before Tax | 2 | 1 | 2 | 3 | -1 | 3 | 4 | 3 | -3 | 42 |
| Tax % | 28.42% | 53.90% | 24.57% | 25.27% | 4.35% | 27.81% | 22.76% | 27.02% | 38.65% | 25.15% |
| Net Profit | 0 | 0 | 0 | 0 | -1 | 2 | 3 | 2 | -2 | 31 |
| 0.78 | 0.39 | 1.04 | 1.25 | -0.02 | 1.00 | 1.31 | 0.05 | -0.05 | 0.07 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|
| 61 | 62 | 224 | |
| 57 | 55 | 180 | |
| Operating Profit | 4 | 6 | 44 |
| OPM % | 6.76% | 10.31% | 19.67% |
| 3 | 1 | 2 | |
| Interest | 1 | 0 | 3 |
| Depreciation | 1 | 1 | 3 |
| Profit before Tax | 6 | 6 | 45 |
| Tax % | 32.91% | 29.28% | 24.10% |
| Net Profit | 4 | 4 | 34 |
| EPS | 2.42 | 1.95 | — |
| Dividend Payout % | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 38%
- 3 Years:
- 21%
- 1 Year:
- 55%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- Last Year:
- 8%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Equity Capital | 17 | 22 |
| 11 | 60 | |
| 5 | 4 | |
| Trade Payables | 7 | 9 |
| 12 | 14 | |
| Total Liabilities | 52 | 108 |
| 4 | 13 | |
| 1 | 8 | |
| 11 | 13 | |
| 23 | 32 | |
| 12 | 42 | |
| Total Assets | 52 | 108 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| 2 | -35 | |
| Cash from Investing | 1 | -16 |
| Cash from Financing | -3 | 51 |
| -0 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| PER SHARE | ||
| EPS (₹) | 2.42 | 1.95 |
| Book Value (₹) | 16.59 | 37.26 |
| Dividend per Share (₹) | 0.00 | 0.00 |
| Cash EPS (₹) | 0.14 | 0.11 |
| PROFITABILITY | ||
| Operating Margin % | 6.76% | 10.31% |
| Net Margin % | 6.63% | 6.91% |
| ROE % | 14.58% | 7.81% |
| ROCE % | 20.28% | 10.79% |
| 7.86% | 5.34% | |
| EFFICIENCY | ||
| Debtor Days | 138 | 163 |
| Inventory Days | 67 | 72 |
| Payable Days | 54 | 71 |
| 151 | 164 | |
| FINANCIAL HEALTH | ||
| Debt to Equity (x) | 0.21x | 0.05x |
| Interest Coverage (x) | 8.68x | 16.12x |
| 2.10x | 3.44x | |
| GROWTH | ||
| Revenue Growth % | 0.00% | 0.75% |
| Operating Profit Growth % | 0.00% | -5.87% |
| Net Profit Growth % | 0.00% | 4.98% |
| 0.00% | -19.25% | |
| VALUATION | ||
| P/E (x) | 1.38x | 1.91x |
| P/B (x) | 4.03x | 2.00x |
| Dividend Yield % | 0.00% | 0.00% |
| 15.79x | 23.44x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-04 - Sikko Industries Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-02 - Sikko Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 26, 2026
2026-08-12 - Sikko Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
2026-08-12 - Sikko Industries Limited has informed the Exchange about change in Management
2026-08-12 - Sikko Industries Limited has informed the Exchange regarding Appointment of Internal Auditor of the Company as Other of the company w.e.f. August 12, 2026.
2026-08-12 - Sikko Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-28 - Sikko Industries Limited has informed the Exchange about Certificate under regulation 76 of SEBI (Depositories and Participants) Regulations, 2018
2026-07-11 - Sikko Industries Limited has informed the Exchange about Certificate under regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
2026-06-30 - Jayantibhai Mohanbhai Kumbhani has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
News
Recent coverage and analyst commentary for SIKKO
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